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or the tax on well we would have to look up questions of being a body to the ocean for barry has said we're going. to very robust rate better than six percent actually six point seven five percent less to twenty twelve. but we have a widening gap between the rich and the poor we have one of the most rich money in the world that will sleep we have more than we have a lot of for people but he's very very poor we have a over to like you know like that and he and he all the third world countries which there will always be sources creating even bigger are going to change and. whatever we're trying to do is to offset the things which trust and get it might get a little more strict with this wonderful goal which by now it's pretty clear that if i'm just. going to develop the nation. in the u.s. today forty. five percent. official at a point that we just hit a record is real that you. anywhere else in the world the fear and doubt you're pretty likely to see who was big for change outside the war is troubling. and it seems pretty unlikely that the world's greatest financial minds gathered here
or the tax on well we would have to look up questions of being a body to the ocean for barry has said we're going. to very robust rate better than six percent actually six point seven five percent less to twenty twelve. but we have a widening gap between the rich and the poor we have one of the most rich money in the world that will sleep we have more than we have a lot of for people but he's very very poor we have a over to like you know like that and he and he all the third world countries...
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will so trying to address that in fact one of the budget recommendations is some kind of inheritance tax or the tax on well we have to the questions are being the more they keep coming into the ocean the barry has said we're going. to very robust rate better than six percent actually six point seven five percent less to twenty twelve and we have a widening gap between the rich and the poor we have one of the most richest man in the world publishes and we have more than we talk a lot of for people but he's very very poor we have a over t. like you know like any and all the third world countries which there will always be sources creating an even bigger gap between rich and poor. when whatever we're trying to do is to offset the things which trusting that you might get a little more stick with this wonderful goal which by now it's pretty clear that if i'm just. like the developing nations in the us today forty. five percent. official at a point that we just had a record is that you. anywhere else in the world but here in dallas you're pretty likely to see who was big for change outside the
will so trying to address that in fact one of the budget recommendations is some kind of inheritance tax or the tax on well we have to the questions are being the more they keep coming into the ocean the barry has said we're going. to very robust rate better than six percent actually six point seven five percent less to twenty twelve and we have a widening gap between the rich and the poor we have one of the most richest man in the world publishes and we have more than we talk a lot of for...
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Jan 26, 2013
01/13
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because static, when you raise taxes, that additional taxes because of the cliff deal, that adjusts the baseline. that is going to make the numbers look somewhat differently. right? and we veal to make some choices, no question about it. but we have committed to putting a budget out there that will actually bring it to balance within ten years. >> there's fot got sob some big change -- >> we haven't seen the numbers yet but i'm telling you this added baseline adjustment, because of the revenues, because you're statally scoring it, is going to have an effect.ically s going to have an effect. there are things we've got to do. you cannot keep spending this kind of money, and it's driven by the health care costs coupled with the demographics. we've got to do something to control it. >> right. >> i think most people would say -- >> but there are proposals out there. paul ryan had them. the republicans couldn't get behind that either. the fact is nobody seems to want to own up to a budget that is going to hurt. there's no solution that's not going to hurt. >> the ryan budget, the last one, di
because static, when you raise taxes, that additional taxes because of the cliff deal, that adjusts the baseline. that is going to make the numbers look somewhat differently. right? and we veal to make some choices, no question about it. but we have committed to putting a budget out there that will actually bring it to balance within ten years. >> there's fot got sob some big change -- >> we haven't seen the numbers yet but i'm telling you this added baseline adjustment, because of...
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Jan 28, 2013
01/13
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-- tax-avoiding millionaires? does it not prove the theory that you want to identify a possible light, look at the company he keeps it? >> issing to remember that last year i ran into the leader of the opposition. to be there, i think when he sees the speech but i will be making in davos, which will be arguing that we need greater transparency over tax, a greater responsibility over the tax avoidance and tax evasion issues, greater transparency about companies and the land issue, he might even find that he agrees with some of the things i'm going to say. >> will the prime minister cut through the relevant arguments coming from the opposition and given the very simple message -- ss
-- tax-avoiding millionaires? does it not prove the theory that you want to identify a possible light, look at the company he keeps it? >> issing to remember that last year i ran into the leader of the opposition. to be there, i think when he sees the speech but i will be making in davos, which will be arguing that we need greater transparency over tax, a greater responsibility over the tax avoidance and tax evasion issues, greater transparency about companies and the land issue, he might...
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for was never around stating that what we have and don't want mean the richest people in america or tax close so they get money away. we go to where they're at so that we can see that money. where you have however klaus schwab founder and executive chairman of the world economic forum says business will drive economic growth. so for will or way that hurts or for those who are free . it is all to point to a ship which triumphs economy and social progress economy development and social progress so i don't see in korea have to change drastically is a model for economy course we have to import food and we have to put back it's a cent off the printer. let's take a look at the markets to see how they finished this week over in europe equities ended friday's session mixed to see gained a third of a percent thanks mainly to the metals sector that reacted to two upbeat news from china the dax ended below the line and then here in moscow take a look an impressive day for the equities both of the our t.x. and r.t.s. excuse me and the my six posted very strong gains about one percent each the r.t.s
for was never around stating that what we have and don't want mean the richest people in america or tax close so they get money away. we go to where they're at so that we can see that money. where you have however klaus schwab founder and executive chairman of the world economic forum says business will drive economic growth. so for will or way that hurts or for those who are free . it is all to point to a ship which triumphs economy and social progress economy development and social progress...
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Jan 22, 2013
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. -- instituting a tax on financial transactions. >> we start with a celebration of a key strategic alliance between europe's two great economies, france and germany. they have been friends for 50 years. >> after centuries of conflict, they culminated in two world wars. speaking at a news conference in berlin, german chancellor angela merkel and french president francois hollande talking about that. >> they promised to unveil proposals in the coming months and it is a big step forward dr. became to power pledging to reverse the plans that merkel had championed. >> it is the first time these bundestag has had a full parliament from another country here. the french president, hollande, recalled the original spirit leading to the historic relationship. >> young people are not only our future but also the reason for the policies that we are pursuing. >> young people in both of our countries have the uncomfortable good fortune that they have never had to experience in it. but peace and democracy. >> he also addressed the economic crisis in europe and chancellor merkel followed suit. she stressed
. -- instituting a tax on financial transactions. >> we start with a celebration of a key strategic alliance between europe's two great economies, france and germany. they have been friends for 50 years. >> after centuries of conflict, they culminated in two world wars. speaking at a news conference in berlin, german chancellor angela merkel and french president francois hollande talking about that. >> they promised to unveil proposals in the coming months and it is a big step...
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Jan 24, 2013
01/13
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by instituting some type of tax. what would you say to a governor who's thinking about doing something like that? >> i would say we cannot tax our way and solve this problem, any of these problems. we can't tax and provide solutions. it has never provided solutions. we can only grow our way out of the current situation, and growth means coming together as business, as government to try and create the necessary platform so that business can continue to invest. we are, we have invested $10 billion in the united states in the last three years. we still see great opportunities in the united states. when you look at the top 15 brands in the business of nonalcoholic beverages in the united states, there's actually been growth in those top 15 brands in the united states. so brands are growing. maybe the industry is not growing as a whole, but the brands, key successful brands are growing, and by the way, in dollar value the industry's grown 3% in the last three years. liz: continuing waving the coca-cola flag, thank you ver
by instituting some type of tax. what would you say to a governor who's thinking about doing something like that? >> i would say we cannot tax our way and solve this problem, any of these problems. we can't tax and provide solutions. it has never provided solutions. we can only grow our way out of the current situation, and growth means coming together as business, as government to try and create the necessary platform so that business can continue to invest. we are, we have invested $10...
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Jan 27, 2013
01/13
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...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> she's not expected to leave her post as secretary of state for a few days yet, but already hillary clinton has fans wanting her on the ballot for president in 2016. >> i think she's accomplished an incredible record. i think she has really unbridled popularity. she has a total knowledge of all of the issues. she has served in the senate. she has been -- >> you're a fan. >> i am a fan. >> you want her to run. >> i would love it if she would run. >> so maybe she has one more chapter in history to make or maybe embrace a new role in the civilian world. douglas brinkley joins us live. hillary clinton had a fairly smooth ride as u.s. senator and secretary of state. where does this secretary, this great woman, secretary of state, first lady fit into the historical landscape sph. >> there's no one quite like her. there is eleanor roosevelt, but hill
...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> she's not expected to leave her post as secretary of state for a few days yet, but already hillary clinton has fans wanting her on the ballot for president in 2016. >> i think she's accomplished an incredible record. i think she has really unbridled popularity. she has a total knowledge of all of the...
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Jan 21, 2013
01/13
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peter: the president also did however discuss revamping the tax code, reducing healthcare spending, trying to reduce deficits, but acknowledging the realities of divided government, said, quote, today's victories will only be partial. cheryl? cheryl: peter barnes of course standing by at the white house, big day in d.c., cold day as well. peter thank you. well, while most of the markets are closed today, money is still moving. now is your chance to make money on currencies. joining me now for a fox business exclusive interview is forex.com senior currency strategist. welcome. currency markets are moving today. currency is a bit of great interest with regards to the european currencies and there's japan. big meeting today, bank of japan, more concern about deflation in that country, what is your reading right now on the country of japan and the yen in particular? >> they have been taking some pretty extraordinary measures over the past to months or so -- past two months or so. been very very aggressive in terms of easing the japanese yen. he believes that's going to be the major thing to tu
peter: the president also did however discuss revamping the tax code, reducing healthcare spending, trying to reduce deficits, but acknowledging the realities of divided government, said, quote, today's victories will only be partial. cheryl? cheryl: peter barnes of course standing by at the white house, big day in d.c., cold day as well. peter thank you. well, while most of the markets are closed today, money is still moving. now is your chance to make money on currencies. joining me now for a...
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Jan 28, 2013
01/13
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it set a more effective tax system. it reduced tax uncertainty going forward. i think we could have a booming environment. i may be wrong. that's my own personal belief. if we have a grand bargain, americans take off. the rest of the world needs us to be strong. europe still has its issues and it will for a couple of years. so i think it's important that america kind of take the lead here. i'm hoping in congress, that's what they do. >> what does your gut tell you about all of this money moving into stocks recently? we had a fantastic year in 2013. do you think this is sustainable? >> yeah, the economy grows, it's sustainable. and i think buy american company is pretty good prices. these are world class companies. not just america, european and japanese and chinese companies, but you are still buying them at fairly good prices. the return is not that good. i'm comfortable owning stocks right now. >> my thanks to jamie dimon. >>> the state of business, the state of investors and the state of europe is all part of the conversation here at davos this week. this ci
it set a more effective tax system. it reduced tax uncertainty going forward. i think we could have a booming environment. i may be wrong. that's my own personal belief. if we have a grand bargain, americans take off. the rest of the world needs us to be strong. europe still has its issues and it will for a couple of years. so i think it's important that america kind of take the lead here. i'm hoping in congress, that's what they do. >> what does your gut tell you about all of this money...
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Jan 27, 2013
01/13
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.$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. or treat gas with these after you get it. now that's like sunblock before or sun burn cream later. oh, somebody out there's saying, now i get it! take beano before and there'll be no gas. take beano before so, i'm working on a cistern intake valve, and the guy hands me a locknut wrench. no way! i'm like, what is this, a drainpipe slipknot? wherever your business takes you, nobody keeps you on the road like progressive commercial auto. [ flo speaking japanese ] [ shouting in japanese ] we work wherever you work. now, that's progressive. call or click today. >>> i'm fareed zakaria coming from davos. russia is no longer a superpower, but it remains one of the world's most powerful countries. it has a large nuclear arsenal, a large oil and gas reserves and now a seat at the world trade organizations. yet it's direction and interests still seem unclear to many in the west. is it modernizing, is it trying to help solve problems like syria.
.$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. or treat gas with these after you get it. now that's like sunblock before or sun burn cream later. oh, somebody out there's saying, now i get it! take beano before and there'll be no gas. take beano before so, i'm working on a cistern intake valve, and the guy hands me a locknut wrench. no way! i'm like, what is this, a drainpipe slipknot? wherever your business takes you, nobody keeps...
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roadmaps which is touching on all these problem areas and things to do with construction permits and tax administration and you know the real nitty gritty of the stuff that they need to do. you could say in a way that we're actually now at a second phase in russia's development and it's very much started with putin's inauguration may and they have this new plan and they're beginning to to work you know these twenty two plans and the seven have actually been northeast and this is the crucial year where we get to see how effective they are going to be because the plan is to roll these ideas and make them work and you know the first couple of months they did six months last year you know they had customs reforms the customs service just ignored it entirely so they're going to have to knock heads together and try and make the you know the changes that they want to make it's going to be long slow going it's going to elicit events and you know russia isn't a monolithic place that everybody in western media thinks it is yeah you know absolutely i mean you know anybody who lives here knows that
roadmaps which is touching on all these problem areas and things to do with construction permits and tax administration and you know the real nitty gritty of the stuff that they need to do. you could say in a way that we're actually now at a second phase in russia's development and it's very much started with putin's inauguration may and they have this new plan and they're beginning to to work you know these twenty two plans and the seven have actually been northeast and this is the crucial...
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Jan 25, 2013
01/13
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how we get tax reform in place to make americans and american corporations competitive again, globally. big thing for dow chemical. we want to reinvest in america because we can be competitive out of america. that agenda has to be put on the national agenda. i know the second term president is very keen on doing that. liz: the first term president was accused of being anti-business or not as friendly to business even though he brought a lot of business leaders to the white house and listened to them. many of them sat here and said you know what liz, though, he listened but i didn't see anything effectuated. do you think it's a different time now with president obama? >> i'm very fortunate that i was one of the ones that was called upon very early to help first term president obama. you've got to understand where he's coming from and his agenda and how he got voted in. liz: how hard is it to understand that businesses create jobs? >> not hard, but how hard is it to actually put the agenda ahead of the other agendas, probably difficult. but now the agenda is here. by the way, it transcen
how we get tax reform in place to make americans and american corporations competitive again, globally. big thing for dow chemical. we want to reinvest in america because we can be competitive out of america. that agenda has to be put on the national agenda. i know the second term president is very keen on doing that. liz: the first term president was accused of being anti-business or not as friendly to business even though he brought a lot of business leaders to the white house and listened to...
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Jan 22, 2013
01/13
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this trading tax, this idea, do you think it's a good idea, a bad idea? what would happen to you if they did it here in the united states? possible it could happen in the united states? >> i think it's a dumb idea, and history would prove that that's true basically. if you put tax in one country and not another, the trading will all move away and we've seen experiences of that around the world. i think it's a bad idea. i'm not sure what it's trying to do other than penalize an industry. and i think in the united states, i think we've kind of moved past that on to other topics. it's not coming up on the radar screen right now. >> i don't see that happening, do you? >> no. >> here, i mean. >> i think it's going to happen in europe. >> the thought of penalizing the banking system and wanting to tax everything in sight. >> people have to trade, trade what? >> people have to invest. that's what they do with their money. if there's a financial transaction tax, would they not invest? >> they will trade differently. the trade flows and investments will move to di
this trading tax, this idea, do you think it's a good idea, a bad idea? what would happen to you if they did it here in the united states? possible it could happen in the united states? >> i think it's a dumb idea, and history would prove that that's true basically. if you put tax in one country and not another, the trading will all move away and we've seen experiences of that around the world. i think it's a bad idea. i'm not sure what it's trying to do other than penalize an industry....
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Jan 25, 2013
01/13
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he does not want higher tax rates. he wants lower tax rates. charles: he does have a conservative look. it goes against all of your core principles to back president obama. stuart: by the way, thank you liz. now it is time to give it to connell. connell: you did look like you are getting along very, very well. i am connell mcshane. has housing finally turned a corner? that will be our big debate and discussion this morning. jamie dimon says, yes, it is going back up. >> it will not get better in spite of the economy. supply and demand. for household formation. connell: wait a minute, a drop in sales came in. we will sort all this out coming up. and flipping houses and fixing them up. vanilla ice, of all people, is with us during this hour. republicans need to get tougher and cut federal programs. 58% of americans oppose anything happening. we are going to start with the stock market. we have been talking about this. we are up again today with nicole petallides covering it from the new york stock exchange. nicole: it shows you what we are just 3
he does not want higher tax rates. he wants lower tax rates. charles: he does have a conservative look. it goes against all of your core principles to back president obama. stuart: by the way, thank you liz. now it is time to give it to connell. connell: you did look like you are getting along very, very well. i am connell mcshane. has housing finally turned a corner? that will be our big debate and discussion this morning. jamie dimon says, yes, it is going back up. >> it will not get...
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Jan 24, 2013
01/13
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. >> are we going to see higher taxes after we saw higher taxes at the beginning of the year? >> no, no, you're not, and i think the president probably does know that, but we're not going to see higher taxes. i don't think anybody thinks that it's a good idea to keep pay more taxes when you don't fix the spending problem. i can't tell you how many people have come to me that said, eric, if you fix the problem, i don't mind contributing more, but we haven't even begun to fix the problem and that's the issue. on taxes, maria, i think we do have an opportunity to engage in that kind of discussion. we've got this sequestration that will hit march 1st. we have a continuing resolution that will come at the end of that month. there are all kinds of trigger points, if you will, that will facilitate more of these discussions and hopefully will lead to a much broader solution than just going about these kind of discretionary cuts. >> let me get your take on the low hanging fruit in terms of spending cuts. medicare, medicaid, social security, health care costs, the drivers of the debt. w
. >> are we going to see higher taxes after we saw higher taxes at the beginning of the year? >> no, no, you're not, and i think the president probably does know that, but we're not going to see higher taxes. i don't think anybody thinks that it's a good idea to keep pay more taxes when you don't fix the spending problem. i can't tell you how many people have come to me that said, eric, if you fix the problem, i don't mind contributing more, but we haven't even begun to fix the...
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loan with the austerity measures taxes mainly on the poor not dealing with the corruption real corruption and corruption. that was something as chronic with the mubarak regime till now with the economy at a standstill and vital subsidies being cut in twenty thirteen families living on a few dollars a day will be on able to put food on the table or a roof over their heads this is despite president mohamed morsi promising to tackle key. issues like bread and fuel shortages but it is not just daily economic hardship weighing on people's minds many say important goals of the twenty eleven eighteen they are pricing have yet to be realized but if we started on january twenty fifth which marks. there have been no serious efforts toward reform the police no serious effort to cleanse or to deal with the legal structure of the traditional structure that we inherited from mubarak and that continues to make abuses possible and to prevent any efforts holding abusers accountable for crimes of the past january twenty third team has already seen mass protests across the country as egyptians continue to p
loan with the austerity measures taxes mainly on the poor not dealing with the corruption real corruption and corruption. that was something as chronic with the mubarak regime till now with the economy at a standstill and vital subsidies being cut in twenty thirteen families living on a few dollars a day will be on able to put food on the table or a roof over their heads this is despite president mohamed morsi promising to tackle key. issues like bread and fuel shortages but it is not just...
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Jan 28, 2013
01/13
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and to undo them, democrats are demanding tax increases. and republicans are saying no way. chris: an expert on capitol hill. kelly. what do you think -- when you go around and just chat with people, do you sense that there is this cracking of ice that maybe we should have a hand in legislation and not just say no? >> i think there's less focus on what the obama politics of the moment or his legacy. and it's beginning to creep, at least with some people, about what story they will be able to tell for the next election of what they did. they recognize that the president has had a lot of capital. he will use it. but for them, and it's not -- we talked about, they're split but there are some people saying thousand can we influence things? -- saying how can we influence things? chris: why don't they start passing bills in the house on background checks? >> more willingness to move forward on immigration than anything that hags the word gun in it. chris: thank you. when we come back, scoops and predictions right from t ♪ secondhand smoke affects everyone's health. it's not just
and to undo them, democrats are demanding tax increases. and republicans are saying no way. chris: an expert on capitol hill. kelly. what do you think -- when you go around and just chat with people, do you sense that there is this cracking of ice that maybe we should have a hand in legislation and not just say no? >> i think there's less focus on what the obama politics of the moment or his legacy. and it's beginning to creep, at least with some people, about what story they will be able...
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Jan 23, 2013
01/13
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FBC
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without paying extra taxes. certainly if they took on debt and used debt to pay back to dividends and buy back from investors that would help brighten the outlook. a dividend or higher dividend could have helped stop some of the bleeding over the past few months going from 700 down to 500. david: it is ironic today we're also reporting netflix because a lot of question about content, the key for netflix and a lot of companies that stream stuff over the internet. that is a lot of what apple is doing now and hoping to do in the future has to do with content deals with hollywood studios. how using that cash in a way netflix could not to make deals with hollywood, to get more content streaming on the apple line? >> it is certainly a possibility and, you know, it would certainly be a new venture for them in terms of not necessarily being in the tv business. the apple tv is a bit of a black box in terms do they go in the set-top box market or make a full product? how do they get content? how do they work with the cabl
without paying extra taxes. certainly if they took on debt and used debt to pay back to dividends and buy back from investors that would help brighten the outlook. a dividend or higher dividend could have helped stop some of the bleeding over the past few months going from 700 down to 500. david: it is ironic today we're also reporting netflix because a lot of question about content, the key for netflix and a lot of companies that stream stuff over the internet. that is a lot of what apple is...
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Jan 28, 2013
01/13
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this may be the most dangerous tax season ever. our senior correspondent scott is on the case for us. hi, scott. >> hi, sue. dangerous. irs about to start electronic filing season and we will tell you why this tax season could be your worst nightmare and what the irs is or isn't doing. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. it's part of what you slove about her.essing. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready
this may be the most dangerous tax season ever. our senior correspondent scott is on the case for us. hi, scott. >> hi, sue. dangerous. irs about to start electronic filing season and we will tell you why this tax season could be your worst nightmare and what the irs is or isn't doing. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long,...
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Jan 22, 2013
01/13
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FBC
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you know if we raised everybody taxes by 25%, we wouldn't raise enough taxes to solve the deficit problem but yet we throw the economy into a terrible recession. by first principles, you must spend less money. melissa: yeah. >> this goes back to not dealing with the structural problems that are causing the economy not to grow. melissa: right. >> we could go down that whole litany but the president's speech yesterday was surely not about growth. melissa: yeah, that's true. guys, thanks so much for coming on. i wish we had more time. you guys didn't get to talk enough. we'll have to do it again soon. >> thank you veryymuch. melissa: coming up for the first time in 30 years iraq makes a oil discovery. good things come to those who wait, because you won't believe how much they found. could this turn the global oil market on its head? we have the answer coming you. do you ever have too much money or too much oil? ♪ i had enough of feeling embarrassed about my skin. [ designer ] enough of just covering up my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i s
you know if we raised everybody taxes by 25%, we wouldn't raise enough taxes to solve the deficit problem but yet we throw the economy into a terrible recession. by first principles, you must spend less money. melissa: yeah. >> this goes back to not dealing with the structural problems that are causing the economy not to grow. melissa: right. >> we could go down that whole litany but the president's speech yesterday was surely not about growth. melissa: yeah, that's true. guys,...
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Jan 23, 2013
01/13
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pay another business tax here. there is no end. so we decided to end it. >> reporter: after california voters raised taxes on the rich. california taxpayers earning more than a million dollars paid a combined top rate last year of 45.3%. today, that is 53.8. five points more for the feds, three more for the state. >> how much pain do you put up with something you think is illogical. >> reporter: peter farrell is considering moving his medical company out of california. while this tax consultant has multiple clients, studying a similar move. >> as soon as prop 30 happened i saw just a huge change in the mind set. it was almost as if, you know, well, that's the, that pushes it to the limit i guess. >> they're fed up with the situation and they feel that, like they're being unfairly treated. >> reporter: these charts show you why. the top 5% of california taxpayers, those over 250,000, pay 62% of state income taxes. the top 2%? pay 46%. while just 34,000 taxpayers out of 14 million, pay 25% of state taxes. these guys aren't dumb. they
pay another business tax here. there is no end. so we decided to end it. >> reporter: after california voters raised taxes on the rich. california taxpayers earning more than a million dollars paid a combined top rate last year of 45.3%. today, that is 53.8. five points more for the feds, three more for the state. >> how much pain do you put up with something you think is illogical. >> reporter: peter farrell is considering moving his medical company out of california. while...
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Jan 24, 2013
01/13
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so we're assuming that the tax laws are not going to change. we're basically going to put our money to work in places like canada, the uk, israel, russia and asia where they're going to get a return and where we want it. >> that is a change and that starts spreading out, does that mean the rate of pick up in dividend payments and shares -- >> no, we committed to our shareholders 50% of our cash flow we will pay back on them, either in the form of dividends or share buybacks. but i think the key things to take away from davos is we're becoming the innovative leader and many of the concepts appear to be paying out very well for us. >> so what makes more sense for you right now, dividends, increase or a buyback? >> we're going to poll our shareholders. we've committed to giving you 50% back. >> thank you for join onning the program. >> we so appreciate it. >> thank you. now, look, we were going to talk about this but while we've got maria here, derek jeter, right? >> yes. he came to see me at dinner last night. i was talking about when i threw the
so we're assuming that the tax laws are not going to change. we're basically going to put our money to work in places like canada, the uk, israel, russia and asia where they're going to get a return and where we want it. >> that is a change and that starts spreading out, does that mean the rate of pick up in dividend payments and shares -- >> no, we committed to our shareholders 50% of our cash flow we will pay back on them, either in the form of dividends or share buybacks. but i...
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Jan 27, 2013
01/13
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phillips'. [ phillips' lady ] live the regular life. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. progress-oh! -oh! -oh! oh! oh! ♪ what do you know? oh! ♪ bacon? -oh! -oh! oh! [ female announcer ] with 40 delicious progresso soups at 100 calories or less, there are plenty of reasons people are saying "progress-oh!" share your story for a chance to win a progress-oh! makeover in hollywood. go to facebook.com/progresso to enter. >>> i'm candy crowley in washington with breaking news from the city of santa maria in brazil where a nightclub fire has killed at least 245 people. rafael romo is live in atlanta with more. >> candy, good morning. the death toll now stands at 245 after a massive fire in the city of santa maria in brazil. it broke out at about 2:00 a.m. this morning. more than 3,000 people were attending an event, a celebration as the end of summer in that part of the world when the fire broke out. it was a very dense fire, thick sm
phillips'. [ phillips' lady ] live the regular life. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. progress-oh! -oh! -oh! oh! oh! ♪ what do you know? oh! ♪ bacon? -oh! -oh! oh! [ female announcer ] with 40 delicious progresso soups at 100 calories or less, there are plenty of reasons people are saying "progress-oh!" share your story for a chance to...
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he says that she focused on tax transparency the compound and avoided some of what he wanted to talk about but a raft of the financial ministers err in davos that is what it's all about they refer and we always had angle and i think the german chancellor sheets it to the mike and she was talking about structural reforms and she spoke about her concern as well to do with the spanish unemployment rate now sitting at sixty percent is used in sound with that we also had to look at some of the brics countries as well as women's role in the financial community that was going on today. more news coming your way in thirty five minutes time max and stacey up next with all the latest the kaiser report stay with us. right wing t.v. host glenn beck is going to build his own utopia back plans to put together a massive social experiment building his own city which will be totally independent from the evil grasp of government and the outside world where residents will have to learn how to survive on their own make their old things and grow their own food the future city called independence usa will
he says that she focused on tax transparency the compound and avoided some of what he wanted to talk about but a raft of the financial ministers err in davos that is what it's all about they refer and we always had angle and i think the german chancellor sheets it to the mike and she was talking about structural reforms and she spoke about her concern as well to do with the spanish unemployment rate now sitting at sixty percent is used in sound with that we also had to look at some of the brics...
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Jan 24, 2013
01/13
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compromised on taxes. tell you the truth i see a lot of intransigence on part of democrats as well. >> there is untranssy against on both sides. compromise on taxes and spending. i was happy to see the debt ceiling thing put back to may if not further. david: professor alan blinder. thank you very much. sandy, over to you. sandra: apple getting slammed after its disappointing forecast. a long list of analysts just now cutting their ratings and price targets. why wasn't this done earlier? coming up we have an analyst who sent up a early warning last week. up next as well as back to davos, the president of costa rica tells liz how their tax policies are bringing in business from some big companies. >> i'm adam shapiro with your fox business brief. it was a mixed day on wall street but the s&p did manage to post its 7th straight day of gains. at&t reported fourth quarter results after the closing bell. earnings per share for the company fell a penny short of stilts coming in at 44 cents. revenue came in sligh
compromised on taxes. tell you the truth i see a lot of intransigence on part of democrats as well. >> there is untranssy against on both sides. compromise on taxes and spending. i was happy to see the debt ceiling thing put back to may if not further. david: professor alan blinder. thank you very much. sandy, over to you. sandra: apple getting slammed after its disappointing forecast. a long list of analysts just now cutting their ratings and price targets. why wasn't this done earlier?...
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although he was was did you know it is away from the topic because his speech was that she focused on tax transparency to calm down on avoidance that's what he wanted to talk about but the rest of the financial ministers here in davos they just wanted to talk about the referendum. and katie will join us again later in the day here in r.t. for now though catalonia has adopted a declaration of software into the proclamation that gives it the right to hold a referendum on breaking away from spain but madrid is unswayed maintaining it's not up to the catalans to decide if they want to leave but a matter for spaniards to agree upon a scammer on this now i want to see where it leads are both sides with carlos deck also sociologist at the pump university thank you very much indeed for coming on the program today it does appear that madrid and catalonia are on a collision course at this point but how do you foresee it playing out. well i think the main challenge right now in catalonia is for this declaration of sovereignty to to be something real to really put on the table a question that's that'
although he was was did you know it is away from the topic because his speech was that she focused on tax transparency to calm down on avoidance that's what he wanted to talk about but the rest of the financial ministers here in davos they just wanted to talk about the referendum. and katie will join us again later in the day here in r.t. for now though catalonia has adopted a declaration of software into the proclamation that gives it the right to hold a referendum on breaking away from spain...
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Jan 25, 2013
01/13
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unemployment, and she said she will be working together with cameron 2 stock corporations avoiding taxes. >> two very different approaches, but which went down better at davos? our correspondent has more. >> angela merkel can be joyful and comical. today, she was not. she was serious while cameron was casual, full of british humor, selling himself and his country, he even got applause during his speech, and although most people here criticized sharply his plans for a referendum, he did not say a lot about this topic today. he sold it as his duty to deliver the referendum to the british citizens. in contrast, angela merkel did not try to be entertaining. she emphasized the common interests of britain and the european union, like structural reforms, free trade agreement with the united states, and make europe more competitive, obviously trying to deal with a new conflict as coolly as possible, a strategy that has brought her a lot of success in the last years. thursday was the day of cameron and merkel. now everybody is heading to one of the numerous parties if they have enough energy, and
unemployment, and she said she will be working together with cameron 2 stock corporations avoiding taxes. >> two very different approaches, but which went down better at davos? our correspondent has more. >> angela merkel can be joyful and comical. today, she was not. she was serious while cameron was casual, full of british humor, selling himself and his country, he even got applause during his speech, and although most people here criticized sharply his plans for a referendum, he...
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Jan 24, 2013
01/13
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obviously, a lot of investors still reeling from all the debate over a dividend tax, carried interest tax to what degree do you think those are going to be on the table as we try to work out some larger bargain? >> difficult to itemize or list what will be on the table. i will say, this the finance committee has worked for many months now to try to come to a consens consensus, early efforts just in this month, chairman baucus, talking to him yesterday, about this, reporting on where they are. so, i think there's a real sense of urgency now to get a consensus on tax reform, to have a simpler and fairer systems to deal with areas were there's consensus. believe it or not, despite all the fighting in washington, there's a great consensus that we need tax reform and i think there's a growing consensus about even the elements to it. >> well, tax reform, the question is the tax tape, do you thank you obama is shifting the debate now, that there is going to be far more taken in greater taxes for the wealthy and far less in spending cuts because that is the cret rick? >> difficult to predict.
obviously, a lot of investors still reeling from all the debate over a dividend tax, carried interest tax to what degree do you think those are going to be on the table as we try to work out some larger bargain? >> difficult to itemize or list what will be on the table. i will say, this the finance committee has worked for many months now to try to come to a consens consensus, early efforts just in this month, chairman baucus, talking to him yesterday, about this, reporting on where they...
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tax here to pick up bulk of r.b.s. is five hundred million pound live for. that's right the bank while it was owned by the people went out and to show their appreciation to man a massive act of financial terrorism and they said good british people pay us again pay us again pays again we know you worship stones and rocks and you don't know what money is just give us all your money and the people here in the u.k. are like yes yes banks will do whatever you want. ok it's ten minutes past the hour here in moscow in the dead of winter certainly appears to become full on russia's icy roads and shocking footage now going viral through social networks of what can happen if you're not careful. buying more say tech i was through the trial. the road is clear he decides to overtake his lips on the road the truck coming back she's on to him they go something falls out there you see why don't your left corner is the baby who's just literally out of the moving car into oncoming traffic now what's most surprising about this is that the father comes out luckily this driver i
tax here to pick up bulk of r.b.s. is five hundred million pound live for. that's right the bank while it was owned by the people went out and to show their appreciation to man a massive act of financial terrorism and they said good british people pay us again pay us again pays again we know you worship stones and rocks and you don't know what money is just give us all your money and the people here in the u.k. are like yes yes banks will do whatever you want. ok it's ten minutes past the hour...
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Jan 23, 2013
01/13
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i would love to see territorial tax system, tax reform and get us through the fiscal problem we have right now. liz: what about a tax holiday overseas? >> if they do that, that is even better, but i will not hold my breath for that one. liz: paul jacobs, thank you very much. chairman and ceo of qualcomm. back to you in new york. cheryl: there is still more to come tomorrow from davos. liz will interview coca-cola ceo and kenneth frazier, chairman and ceo of merck. two prominent leaders we cannot afford to miss it. when i have 60 minutes to go. we're counting down the minutes until oh, you know what, apple earnings. big. will the numbers get th the docr decided again? shibani joshi will break it down for you coming up next read axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of pub
i would love to see territorial tax system, tax reform and get us through the fiscal problem we have right now. liz: what about a tax holiday overseas? >> if they do that, that is even better, but i will not hold my breath for that one. liz: paul jacobs, thank you very much. chairman and ceo of qualcomm. back to you in new york. cheryl: there is still more to come tomorrow from davos. liz will interview coca-cola ceo and kenneth frazier, chairman and ceo of merck. two prominent leaders we...